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/10

Groww

India India | 2-5 years |
Regulated in India | Derivatives Trading License (AGN) | Global Business | Medium Risk

https://groww.in/

Website

Rating Index

Influence

Influence

AAA

Influence Index NO.1

India India 9.92
Surpassed 57.80% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+91 9108800604
https://groww.in/
Vaishnavi Tech Park, 3rd Floor Sarjapur Main Road, Bellandur Bengaluru – 560103

license Forex License 1

Licensed Entity:GROWW INVEST TECH PRIVATE LIMITED

License No. INZ000301838

VPS Standard
No Broker Account Restrictions

Single Core

1G

40G

1M*ADSL

WikiFX Risk Alerts
  • Current data indicates that this broker does not have trading software. Please be aware of the risk.

Basic Information

Registered Region
India
Operating Period
2-5 years
Company Name
Groww
Abbreviation
Groww
Employees
--
Contact Number
+919108800604
Company Website
Address
Vaishnavi Tech Park, 3rd Floor Sarjapur Main Road, Bellandur Bengaluru – 560103
Company Profile5
2-5 years
Regulated in India
Derivatives Trading License (AGN)
Global Business
Medium Risk
Business Region
Verified Site
Relationship Map
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About Us
News
Wiki Q&A
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Official Website

Verified Site

  • groww.in
    104.18.17.196
    Server Location
    --
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    2016-04-01
    Website Name
    WHOIS.INREGISTRY.NET
    Company
    GODADDY.COM, LLC

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Groww

Related Companies

Groww(Netherlands)
Netherlands
Groww(Netherlands)
Suspended
Netherlands
Registration No. 55315860
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

Groww Review Summary
Founded2016
Registered Country/RegionIndia
RegulationNo regulation
ProductsStocks, Futures & Options, MTF, IPOs, Mutual Funds, NFOs, ETFs, Credit, and Algo Trading
Trading PlatformGroww
Minimum Deposit/
Customer SupportTel: +91 9108800000
Email: support@groww.in

Groww Information

Groww is an Indian investment platform offering diverse market instruments, including Stocks, F&O, Mutual Funds, and ETFs. They offer a free Demat account with zero maintenance charges, with stock trading at ₹20 or 0.1% of order value and F&O at a flat ₹20 per executed order.

Groww Information

Pros and Cons

Pros Cons
Various products offeredUnregulated broker
Transparent and low trading feesTrading fees applied

Is Groww Legit?

Groww is an unregulated broker. Please be aware of the risk!

license

The WHOIS search shows the domain groww.in was registered on April 1st, 2016. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

domain

Products

Groww offers a range of products, including Stocks, Futures & Options, MTF (Margin Trading Facility), IPOs, Mutual Funds, NFOs (New Fund Offers), ETFs (Exchange Traded Funds), Credit, and Algo Trading.

assets

Account Type

Groww offers a free Demat account with zero maintenance charges, making it a trusted platform for over 50 million Indians to open and manage their investment accounts.

Account Type

Groww Fees

  • Stock Trading:
    • ₹20 or 0.1% of the order value, whichever is lower.
    • A minimum charge of ₹2 applies if the calculated fee is less than ₹2.
  • Futures & Options (F&O) Trading:
    • Flat ₹20 per executed order.
  • Other Charges:
    • Additional charges like regulatory fees, statutory charges, and penalties are levied by the exchange and are not part of Groww's brokerage fees.
Groww Fees

Trading Platform

Trading PlatformSupported Available Devices
GrowwDesktop, IOS, Android
Trading Platform

Company Profile

  • 2-5 years
  • Regulated in India
  • Derivatives Trading License (AGN)
  • Global Business
  • Medium Risk

News

Weekly "Scam Brokers List" out! Check Is You Broker listed here?

Exposure Weekly "Scam Brokers List" out! Check Is You Broker listed here?

The forex market is increasingly prone to scams, and forex trading has become riskier due to the growing number of fraudulent forex brokers. So, how can you protect yourself and your hard-earned money? Being informed is the most powerful weapon you can use to safeguard yourself. This article aims to raise a fraud alert — read on to learn about the scam brokers you should stay away from and how to spot red flags before it's too late.

Is India-Based Groww an Investment Scam? 5 Truths to Know

Exposure Is India-Based Groww an Investment Scam? 5 Truths to Know

Groww is an India-based broker that is gaining popularity rapidly in the country. You will often see its ads on YouTube and other social media platforms. This broker is promoting itself aggressively. But before you invest with this broker, here are 5 red flags you should know.

Is Groww safe to trade?

News Is Groww safe to trade?

Groww is an investment platform based in India that offers a variety of market instruments for investment purposes. However, it is important to note that the provided information raises concerns about Groww's legitimacy due to its lack of regulation and low score on WikiFX. Regulatory oversight provides certain protections to investors, and investing with an unregulated entity may involve higher risks.

Wiki Q&A

Is it risky to trade with Groww?

Groww's SkyEye risk score of 1.47 categorizes it as an unregulated, high-risk entity. This low score is directly linked to its lack of any valid regulatory licenses, representing a significant absence of client protection and financial oversight.

04-02
United States

Is Groww regulated?

Groww is not a regulated forex trading broker; it operates globally from India without any valid licenses from major financial authorities, which means it lacks the oversight, client fund segregation, and dispute resolution mechanisms typically found with regulated firms.

04-02
United States

What is the full company name of Groww?

The company operates under the name Groww, providing global brokerage services from its base in India.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

¿Cómo se calcula la puntuación de WikiFX?

La puntuación de WikiFX se calcula mediante un modelo multidimensional que incluye el índice regulatorio, el índice de licencias regulatorias, el índice de capacidad operativa, el índice de control de riesgos y el índice tecnológico de la plataforma. La escala oscila entre 0 y 10 puntos. Además, la puntuación se actualiza dinámicamente en función de cambios regulatorios, tratamiento de reclamaciones y rendimiento histórico.

Two days ago

¿Qué significa que un bróker tenga múltiples licencias regulatorias?

Cuando un bróker posee múltiples licencias regulatorias, generalmente significa que opera en diferentes jurisdicciones y debe cumplir requisitos normativos de varios organismos supervisores, lo que puede reflejar mayor capacidad operativa internacional. No obstante, la solidez de la supervisión puede variar entre reguladores, especialmente en el caso de licencias offshore. Se recomienda verificar si el bróker cuenta con licencias de organismos principales como FCA o ASIC y revisar su historial regulatorio mediante WikiFX.

Two days ago

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

¿Cuáles son los organismos reguladores de forex más comunes?

Entre los organismos reguladores más comunes se encuentran la Financial Conduct Authority (FCA), la Australian Securities and Investments Commission (ASIC), la Commodity Futures Trading Commission (CFTC), la Securities and Exchange Commission (SEC), la Cyprus Securities and Exchange Commission (CySEC) y la Monetary Authority of Singapore (MAS). Estos organismos suelen aplicar estándares regulatorios estrictos. En WikiFX es posible consultar clasificaciones de brókers según su entidad reguladora.

Two days ago
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